1405 Austin St · La Marque, TX 77568

$235,000

3 bd · 1.0 ba · 1,389 sqft · SingleFamily public records · 51 Days on market

Built 1956 0.31 ac lot Est $190k · 23% over

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Why this score? — see what drove the F grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +13.4/30.0
• DSCR +4.0/10.0
• 1% rule +3.5/10.0
• Rent growth +3.5/5.0
• Livability +3.0/5.0
• Condition / age +2.5/5.0
• Schools +2.4/10.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

Great investment opportunity on nearly 1/3 of an acre, and no HOA! Never flooded while current owner has owned and per prior sellers it has never flooded.

Key facts

• Quartz counter tops
• Double vanity sinks
• 0.31 acre lot

Tags

• NEW LAMINATE FLOORING
• NEW KITCHEN APPLIANCES
• QUARTZ COUNTER TOPS
• ISLAND WITH FARM HOUSE SINK
• DOUBLE VANITY SINKS
• CENTRALLY LOCATED LAUNDRY ROOM

Property features AI

Exterior

• Parking: Detached garage; 1 garage space
• Utilities: Public water; Public sewer
• Home design: Residential property; Single-story; Entry level: First; Facing direction: Not specified
• Construction: Built in 1956; Cement siding and vinyl siding; Composition roof; Pillar/post/pier foundation
• Exterior features: Fenced backyard; Subdivision lot

Interior

• Kitchen: Dishwasher; Electric oven; Electric range; Kitchen island; Breakfast bar; Quartz counters; Disposal; Double vanity
• Bedrooms: Primary bedroom (First level); Bedroom (First level); Bedroom (First level); 3 possible bedrooms total; 4 total rooms
• Bathrooms: 2 full bathrooms
• Interior features: Breakfast bar; Double vanity; Kitchen island; Quartz counters; Disposal
• Laundry & utility: Washer hookup; Electric dryer hookup; Gas dryer hookup

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $235k.

Deal economics

• At list price, monthly cash flow is $6 ($69/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $199k (15.4% below list).
• Recommended offer: $199k (15.4% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 59/100 on livability (#1,136 in TX) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A+; Watch: employment D, crime F, amenities F.
• Texas City ISD (suburban): math 28% / reading 29% proficiency, ranked #655 of 826 in TX (top 79%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 66% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Hayley El (math 7% / reading 11%, grade F, #4,293 of 4,322 statewide, top 99%, 562 students, 92% FRL); La Marque H S (math 27% / reading 20%, grade F, #1,342 of 1,632 statewide, top 82%, 647 students, 91% FRL) — zoned schools average 92% FRL vs 66% district-wide (26 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 16% at this address vs 28% district-wide (-12 pts) — the specific schools serving this property underperform the Texas City ISD average; the district grade overstates school quality for this exact location.
• Market conditions: Rents rising (+4.0%/yr); 661 active listings in the ZIP; 11 comparable units currently listed for rent nearby; rentals at typical pace (median 26d on market — plan ~3-4 weeks tenant-placement turnaround); 3,258 units permitted in Galveston County in 2024 (0 in 5+ unit buildings).
• This rent runs 32% of the median local income ($75k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k of value loss. Plan a longer hold.
• Galveston County population projected at +43% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 51 days — a 3% lower offer ($228k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 2y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Watch-outs: built in 1956 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major flood risk; severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→27/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $198,714 (15.4% below list)

Questions for the listing agent

1. It's been on market 51 days. Have you received any prior offers? Is the seller open to a 15% concession, seller financing, or rate buy-down credit?
2. Built in 1956 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
5. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
6. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
7. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
8. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
9. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.85% ✗
• Cap rate: 6.32%
• Cash-on-cash: 0.10%
• DSCR: 1.00
• GRM: 9.9

CMA / ARV

• ARV (on-the-fly): $190,293
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1405 Austin St	0.00mi	3/2.0	1,389 (0%)	1mo	$235,000	$169	96
2301 Boss St	0.54mi	3/2.0	1,410 (+2%)	1mo	$239,000	$170	67
1716 Rosalee St	0.60mi	3/2.0	1,420 (+2%)	0mo	$110,000	$77	64
2714 Rosadele St	0.49mi	3/2.0	1,456 (+5%)	2mo	$199,000	$137	63
1915 Little St	0.67mi	3/1.5	1,333 (-4%)	1mo	$139,900	$105	59
2008 Bellview St	0.68mi	3/2.0	1,410 (+2%)	3mo	$239,900	$170	59
2709 Virginia St	0.63mi	2/2.0 (-1)	1,365 (-2%)	0mo	$183,500	$134	59
1815 Thompson St	0.46mi	3/2.0	1,250 (-10%)	1mo	$199,000	$159	57
504 Raymond St	0.68mi	3/2.0	1,313 (-6%)	2mo	$120,000	$91	54
2026 Rosalee St	0.61mi	3/2.0	1,270 (-9%)	1mo	$189,000	$149	53
1708 Rosalee St	0.62mi	2/2.0 (-1)	1,316 (-5%)	1mo	$180,000	$137	52
503 Raymond Ave	0.68mi	3/2.0	1,198 (-14%)	4mo	$150,000	$125	38

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 3.95% rent growth · sell at horizon

5-year hold

• IRR: -15.1%
• Equity multiple: 0.46×
• Total profit: $-35,805
• Equity at exit: $35,039

10-year hold

• IRR: -5.1%
• Equity multiple: 0.65×
• Total profit: $-22,715
• Equity at exit: $20,319

Cash invested: $65,800 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 87 Strongly Landlord-Friendly
• State Texas: 87 Strongly Landlord-Friendly · R+5
• County: — inherits STATE
• City: — inherits STATE

3-day notice; statewide preemption; one of the fastest eviction climates; Travis County (Austin) slightly slower.

Methodology + full state rankings →

ZIP-level market 77568

• Home prices YoY: -22.7%
• Rents YoY: 4.0%
• Active inventory: 661
• Price-to-rent: 9.9×

Monthly cashflow live

• Estimated rent: $1,987 high
• Mortgage (P&I): −$1,232
• Tax from tax record: −$234 /mo · $2,806/yr
• Insurance: −$98
• HOA: −$0
• Vacancy / Maint / Mgmt: −$417
• Net cashflow: $6

Break-even live

Break-even rent $1,980

Max offer price $235,000

Occupancy floor 95%

Sensitivity live

Price	-10% $139	-5% $72	+0% $6	+5% $-61	+10% $-127
Rent	-10% $-151	-5% $-73	+0% $6	+5% $84	+10% $163
Rate	-1.0pp $124	-0.5pp $65	base $6	+0.5pp $-55	+1.0pp $-117

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $58,750
• Closing costs: $7,050
• Reserves months: —
• Total cash needed: —

Rent comps 11 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1401 Austin St La Marque, TX	4.0	3.0	1542	$2,400	$1.56	45d	1	0.04mi
1013 Margot St La Marque, TX	3.0	2.0	1099	$1,500	$1.36	20d	1	0.22mi
1006 E Camp Cir La Marque, TX	3.0	1.0	1230	$1,500	$1.22	26d	1	0.32mi
1230 Kirsten St La Marque, TX	3.0	2.0	1704	$1,660	$0.97	4d	1	0.42mi
2729 Main St La Marque, TX	2.0	1.0–2.0	864	$950	$1.10	0d	3	0.64mi
1825 Bayou Rd La Marque, TX	2.0	1.0	1200	$1,195	$1.00	45d	1	0.65mi
309 S Bell Dr Texas City, TX	2.0	2.0	1316	$1,650	$1.25	45d	1	1.00mi
203 Beatrice St La Marque, TX	3.0	1.0	1304	$1,395	$1.07	26d	1	1.02mi
14403 Daniel Shores Dr La Marque, TX	4.0	3.0–3.5	1872	$2,600	$1.39	0d	12	1.13mi
7510 Hummingbird Ln Texas City, TX	3.0	1.5	1200	$1,550	$1.29	4d	1	1.37mi
509 Bluebonnet Dr La Marque, TX	4.0	1.0	1223	$1,550	$1.27	45d	1	1.47mi

Listing history 12 events

1. 2026-05-06
   status Pending
2. 2026-04-30
   status Pending
3. 2026-03-16
   listed $235,000 Active
4. 2025-04-24
   soldstatus Sold 154-char remark

   Show marketing remark (154 chars)

   Great investment opportunity on nearly 1/3 of an acre, and no HOA! Never flooded while current owner has owned and per prior sellers it has never flooded.

5. 2025-04-17
   status Pending 154-char remark

   Show marketing remark (154 chars)

   Great investment opportunity on nearly 1/3 of an acre, and no HOA! Never flooded while current owner has owned and per prior sellers it has never flooded.

6. 2025-02-26
   price $124,990 154-char remark

   Show marketing remark (154 chars)

   Great investment opportunity on nearly 1/3 of an acre, and no HOA! Never flooded while current owner has owned and per prior sellers it has never flooded.

7. 2025-02-13
   price $129,990 154-char remark

   Show marketing remark (154 chars)

   Great investment opportunity on nearly 1/3 of an acre, and no HOA! Never flooded while current owner has owned and per prior sellers it has never flooded.

8. 2025-01-31
   price $139,990 154-char remark

   Show marketing remark (154 chars)

   Great investment opportunity on nearly 1/3 of an acre, and no HOA! Never flooded while current owner has owned and per prior sellers it has never flooded.

9. 2025-01-16
   price $144,990 154-char remark

   Show marketing remark (154 chars)

   Great investment opportunity on nearly 1/3 of an acre, and no HOA! Never flooded while current owner has owned and per prior sellers it has never flooded.

10. 2024-11-15
    listed $149,990 Active 154-char remark

    Show marketing remark (154 chars)

    Great investment opportunity on nearly 1/3 of an acre, and no HOA! Never flooded while current owner has owned and per prior sellers it has never flooded.

11. 2024-09-10
    soldstatus
12. 2000-04-08
    soldstatus

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast TX · Resets to sale price

• Current annual tax: $2,806 · $234/mo
• Projected year-2 tax: $4,300 · $358/mo
• Expected delta: +$1,495/yr (+$125/mo · 53.3%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 6/10 Major FEMA zone X (shaded) · 52% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥110°F today · 27 d/yr by 30 yrs out
• 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $23,846
• − Mortgage interest: −$13,164
• − Property taxes: −$2,806
• − Insurance: −$1,175
• − Repairs & maintenance: −$1,908
• − Management: −$1,908
• − Depreciation: −$6,836
• Taxable loss: −$3,951
• Est. tax savings @ 24.0%: +$948
• After-tax cash flow: $1,017/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Texas City ISD
• NCES district ID: 4842510
• Math proficiency: 28% ▼ -10.00%
• Reading proficiency: 29% ▼ -4.00%
• Median HH income: $44,875
• Composite: 24.47/100
• National rank: #7664
• State rank: #655 of 826 in TX

Livability — La Marque

• Score: 59/100
• State rank: #1136
• US rank: #20037

Category grades

Amenities F Commute F Cost of living A+ Crime F Employment D Housing A+ Health & safety F User ratings C

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: La Marque, TX
• County: Galveston County · 357,330 people
• City population: 23,083
• Metro: Houston-The Woodlands-Sugar Land, TX
• Population (ZIP): 23,083
• Household income: $74,694
• Rent vs Own: 28.0% rent · 72.0% own
• Severe rent burden: 700.0

Population outlook (Galveston County) Hauer SSP2

• Today (2025): 390,640 people
• By 2030: 425,226 · +8.9%
• By 2040: 493,765 · +26.4%
• By 2050: 559,698 · +43.3%
• By 2075: 719,260 · +84.1%
• By 2100: 819,628 · +109.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Highly diverse neighborhood (Simpson 0.71)
• Race & ethnicity: White 37% Hispanic / Latino 29% Black 26% Two or more races 17% Asian 3%
• Hispanic origin (detail): Mexican 22% Puerto Rican 1%
• Common ancestry: Lithuanian 1% Italian 1% Serbian 1%
• Foreign-born: 8% · Canada
• Languages at home: 77% English-only · Spanish 21% Tagalog/Filipino 1% Other Asian/Pacific 1%

Political lean MEDSL · Galveston

• 2024 margin: Strong R (+27.4) · D 35.7% · R 63.1% · Other 1.2%
• 2008→2024 swing: -7.9pp toward R · 2008: -19.5pp · 2024: -27.4pp
• All cycles: 2024: R+27.4 2020: R+22.6 2016: R+22.6 2012: R+26.9 2008: R+19.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -69.39%
• Current HPI: 236.0239
• Rent YoY: ▲ 3.95%
• Metro: Houston-The Woodlands-Sugar Land, TX
• State GDP YoY: ▲ 3.95%
• F500 in state: 110

Industry mix (Fortune 500 HQ in TX)

Industry	F500 HQs	Revenue
▸Energy	16	$1,198B
▸Technology	5	$198B
▸Engineering / Construction	4	$72B
▸Energy Services	3	$60B
▸Utilities	3	$41B
▸Healthcare	2	$330B

Price history

+56.7% since first listed

12 events — show timeline

• 2026-05-06 Pending — HARMLS
• 2026-04-30 Pending — HARMLS
• 2026-03-16 Listed $235,000 HARMLS
• 2025-04-24 Sold (MLS) — HARMLS
• 2025-04-17 Pending — HARMLS
• 2025-02-26 Price Changed $124,990 HARMLS
• 2025-02-13 Price Changed $129,990 HARMLS
• 2025-01-31 Price Changed $139,990 HARMLS
• 2025-01-16 Price Changed $144,990 HARMLS
• 2024-11-15 Listed $149,990 HARMLS
• 2024-09-10 Sold (Public Records) — Public Records
• 2000-04-08 Sold (Public Records) — Public Records

Property tax history

+7.0%/yr

Latest (2025): $2,806 · +10.7% YoY. Source: county tax records.